Sports betting is a great way to add new enthusiasm to a game. Also, the realm of sports betting is vast, encompassing hundreds of different terminologies from a wide range of sports. Moreover, sports betting terminology can be complex, and the more you wager, the more terms you’ll want to know.
As a result, we understand that sports betting terms are sometimes difficult to understand. Most especially when there are so many of them!
To help you comprehend everything about the practice, we have this exclusive sports betting glossary for you. Thus, it will help you on your journey toward a better understanding of the game you want to bet on.
This Betmok [smart betting guide] will walk you through most, if not all, of the betting terminologies.
So let’s begin!
Action
This has many meanings in betting. However, the most common interpretations include;
Taking action by betting on a game, like to bet or wager. However, it may also refer to the games on which the bookmaker offers odds. Moreover, No Action is another common word. So, No Action indicates that a wager has been canceled and the bettors have been repaid.
Against the spread
This refers to the outcome of a game that includes the point spread.
Bad beat
The term bad beat comes in various forms. However, most commonly, it is a wager in which it appears that the bettor is winning but does not.
Book (Sportsbook)
It is a location where people can wager on the result of sporting events.
Buck
It refers to a $100 wager.
Chalk
The personal favourite or choice in a game.
Consensus
The proportion of bettors on each end of a game.
Coverage
The outcome of a point spread bet. A favorite must win by a margin greater than the spread in order to cover. So, an underdog can cover the spread by losing by a smaller margin or by winning the match or game outright.
Dime
This refers to a $1,000 wager.
Edge
This refers to the benefit that the punter has before. Moreover, it is before placing the bet.
Even (Even Money)
This implies a $100 bet for winning $100.
Favorite
This refers to a team that is favoured or expected to win a game.
Future bets
These refer to the wagers on an event that will occur in the future, such as who will emerge victorious in a division or who will emerge as a winner in the championship.
Handle
The sum of money staked on a game
Handicapping
This refers to the study of sports stats in order to predict winners.
Hedging
This refers to the practice of betting against the previous bet so that the bettor wins at least a little amount of money.
Hook
This essentially implies half a point. Also, it is roughly a half point introduced to handicap, over/under markets, and spread betting in order to ensure that each bet ends in a win.
In-game wagers
These are the bets placed after the game has begun.
Joint Favourite
This implies that the gambler has two or more faves for a specific event.
Juice
This is the fee levied by the gambler per wager.
Limit
The maximum amount that can be bet on a single bet.
Lock
This implies an easy victory.
Long Shot
A huge underdog.
Margin
This is a type of bet in which the bettor determines how many goals or points a team will triumph by.
Moneyline bet
This type of bet predicts if a team will emerge victorious or will fail outright with no point spread.
Nickel
This refers to a $500 bet.
Oddsmaker (Linemaker)
This refers to the person who determines the starting line for a game.
Off the Board
Game punters can not bet on.
Over
This implies total score of two teams exceeds the sportsbook’s limit.
A parlay
This refers to a type of bet that combines numerous games for a higher return. So, the more games there are, the bigger the risk is. But also, the better return. However, each match must triumph or tie in order for the parlay bet to win (tie). If any of the events lose, the entire bet loses.
Pick’em
A game in which there is no favourite or underdog.
Point Spread
It is a winning margin set by oddsmakers to entice bets action for both the favourite and the underdog.
Puck Line
This term implies describing the spread betting in the game of hockey.
Proposition bets (prop)
A wager on anything other than the result of the game. So, for instance, it can be the initial team or the initial player to score in a match.
Push
When no side covers the spread (the final score is exactly on the spread), the bet is a push, and all stakes are returned.
Reverse Line Movements
As the term suggests, this pertains to when the line is travelling in the opposite direction of the side with the majority of the stakes.
Sharp (Wiseguy)
The term implies to an expert at sports betting.
Steam
A fast shift on a line because of significant wagering.
Taking points
This entails betting on a team that is favored against the spread.
Teaser
Just like spreads, these are liked by the bettor but have a lower return.
Total bet (over/under)
A wager on how many points each side score in a game, plus overtime/extra innings.
Under
The total score of the two teams is lower than what the sportsbook set.
Underdog (dog)
A team that is not anticipated to win a game.
Wager
This is a bet made in a sportsbook.
Sportsbetting in Kenya
In Kenya, gamblers can wager on a wide range of sporting activities. Also, the most famous sport that Kenyan players bet on is soccer. However, bettors in this nation can wager on a range of other sports, including;
On top of these, some of the ideal betting sites in Kenya include:
Conclusion
Thus, we come to the end of our guide to understanding sports betting. So, this glossary is quite useful in the field of sports betting. Also, it is equally important for those who’re just starting to like the hobby.
Furthermore, it can assist people in understanding the types of bets they have made, the technical terms, the betting culture, and much more. Lastly, we hope that these terms offer you helpful ideas about sports betting terminology.
So, don’t forget to bookmark this guide for your next sports betting event!